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20110701
20110731
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Search Results 0 to 29 of about 30 (some duplicates have been removed)
&p said they need to do to keep the credit rating at triple-a. >> how big of a concern is that? even with the plans the credit rating might still be downgraded? >> it's a very big risk, anderson. there's two different events here and it's hard to keep them separated from each other. the first is getting the debt sealing lifted. that's the critical negotiation under way now. even if we get it lifted, eric's right. standard & poor's is saying even if you get it lifted it's how much you're willing to cut the deficits that they will really judge the triple-a rating of the united states on and if it's something less than $3 to $4 trillion in real cuts they're going to lower the credit rating of the united states for the first time in our history. we've had it since 1917 we've been triple-a. there's a growing sense at top levels here in washington that the chances of a credit rating downgrade is becoming more than just a possibility but moving towards a probability. >> april, for those who haven't been following this as closely as everybody in washington and a lot of other folks have been
, indeed. they raised the stakes earlier on, making a big deal saying he no longer wanted to work with the white house, and yet we're hearing he's going to be at the white house tomorrow morning for more meatings. how is the white house iraqing to this? >> there's a lot of talk about the fact the president has put in repeated calls to speak eer boehner as the president tells it, in order to get a response. the white house made an outreach, an overture of the outline, and the president called speaker boehner's office first, and was told that speaker boehner wasn't available to talk to the president. this is not your stand protocol in president. you make yourself available to talk to the president or shortly thereafter. there is frustration about that expressed here, but there is still an openness and a willi willingness on both sides to negotiate because everybody wants to get the debt ceiling raised, and here, also, they say maybe this obama/boehner framework could be the deal in the end, so it's still not off the table from this perspective. >> you say there's a willingness on bo
reporter dovetails neatly with our big question tonight. keeping them honest, if a strong majority of americans is telling washington they want a deal on the debt crisis, they want these guys to compromise with the other side, they want a mix of spending cuts and tax increases. then why isn't washington getting the mage? we've got new polling that says all of that. and this is important. recent polling may also explain why we haven't got an deal yet. we'll tell you what we're talking about. in any case, americans are speaking out today. >> good morning, speaker boehner's office. how may i help you? >> a summer avalanche of phone calls hitting the capitol. president obama asked for it in his address to the nation last night. here it is. house switchboard today getting nearly double the volume of normal phone calls, house speaker baine er's office reporting as many as 300 people on hold for as long as an hour. online the same story. site unavailable. server busy. we found better than one in three congressional web sites either slow or down entirely from all the volume. also multiple
out the president has a big birthday bash scheduled for august 3rd, celebrities flying in from all over. and lo and behold, august 2nd is the deadline for getting something done so that he can have this massive -- maybe the biggest fundraising dinner in history for a birthday celebration. >> and here's iowa congressman steve king. >> it's not default. they've been calling it default to try to stampede people into taking a bad deal here in this congress. the american people understand this. they understand at least intuitively that it would be the president who would willfully default if there's to be a default. i'd like to think the investor markets understand that, too. >> keeping them honest, there's little reason to think that's true. and plenty of people in the gop establishment and the business community sending up warning flairs. officials at the bond rating company standard & poors today briefing freshman republicans about what might happen. political reporting tonight they were cautioned that one possibility is "a death spiral in the bond market". s & p is already on record
on making a big deal at >> i went and looked outside to see a wall, a giant cloud of dust and smoke rising from the plaza area where the bombing occurred. and i could see the debris spreading outwards and people kind of being covered with it in the same sense that i saw on september 11th living in new york city. i had many of the same visual cues from the attacks of a i, ju wt dkevendouwt ceyntnyto. punishment, notorios im. test. test. test. test. >> this and all of the other junk science that prosecution presented, i think this just kind of points out to the fact that jury got it right. and this just supports everything that i kind of suspected from the get-go. this idea that somehow there were 84 searches or this or that just wreaked at the time somebody didn't know what they were doing when they were looking at the searches. >> would you have said as a defense lawyer, what would you have done in the situation? if it just smacked of not making intelligence. >> i've had this precise case twice over with murder cases where somebody has gotten up and purported to be an expert and then taken
rates go up. credit cards, mortgage rates, auto loan rates. you mentioned august 3rd, that big social security payment? according to many republicans, unless we default on an actual debt we don't have to get our debt downgraded. according to s & p and ben bernanke, if you default on any payment you're supposed to make, even if it's not to a bond holder you could face that. >> republicans who say, look, i don't buy it's this big catastrophe waiting to hit after august 2nd. >> reporter: they absolutely could be right. but anderson, you and i were together on september 15, 2008 after they decided a lot of smart people decided to let lehman brothers fail thinking it's not that big of a deal. i don't know which way it's going to go. i don't know if we should be playing with fire like this. >> john, what do you make of jessica's reporting that she's hearing mitch mcconnell is wanting president obama to be at the table in any negotiations? >> as a couple of political reasons for that in the sense that then you can't cut a deal then the white house will say we're going to try this. to move th
small number of republicans who think that we won't default and if we did it's not a big problem. they're wrong. you also have a big number of democrats and much larger number who say it doesn't matter if we spend the nation into bankruptcy. we won't go bankrupt. they're wrong. and that's even worse because there are more of them who believe that than the small number of republicans who are willing to countenance the fall. >> let me ask you something. >> let me be clear. these polls, can i just be clear about something? this is washington equivalent. polls are not equivalent. the public blames the congressional republicans much more than the president, all right? that's a fact that cannot be disputed. we should not get off with the facts are. it's not a pox on both the house. it's overwhelmingly the public blames the congressional republicans. >> james, as somebody who's made his living with polls you know as well as i do that there's not only one poll in town. there's a bunch of them. >> three of them. you can look at all three. [ overlapping speakers ] >> his numbers have been droppi
, big or small, long term or short, simply is not going to make it through the house of representatives. you may think this is business as usual in washington. two sides pushing a crisis to the brink in order to get the best possible deal for their side. but jessica yellin is reporting that some of her sources are telling her that this is anything but a normal crisis. she joins us now. jessica, thanks. your sources are saying this is becoming an abnormal crisis. what happened today? >> reporter: well, there was a lot of process, sanjay. and a lot of discussion and still no breakthrough is the bottom line. we are less than two days away from the president's self-imposed deadline for a deal and still there is no deal. some on capitol hill, some of even the president's allies are saying this is now in their view time to cut bait and stop going for this big deficit reductions package they've been talking about and just find the easiest path forward to get the debt ceiling raised and worry about deficit reductions at another time. >> you know, it seemed like there was some enthusiasm and som
, no increase in the debt ceiling, pay its bills based on big-ticket items. that would be interest on the debt. social security, medicare and medicaid, defense spenders. unpemt employment insurance. what you'd get under the big-ticket scenario is a drawing off the line. that's your $172 billion. the government is out of money if you don't increase the debt ceiling. what gets cut? military pay. wouldn't get their checks under this scenario. veterans checks, irs refund. if you're waiting for one you wouldn't get it. nutrition services, foods stamps, wouldn't get paid. federal salaries, education department, other and you heard him mention for reason aide to the palestinians. you have to make the choices and cut it off right here. that's one way. suppose you decided instead we'll put a priority on the social safety net. under this scenario, interest gets paid, social security gets paid, medicare and medicaid and those nutrition services that got cut off last time, you could pay them. housing grants would go out. veterans affairs, unemployment, education and tuition assistance. but under this set
or will this cause some bigger conversation? that's a big question. >> and earlier in the week, anderson, we were talking about whether the white house might possibly agree to some kind of a short-term patch of two to three days in order to get the negotiations really moving again. and i think, you know, as the clock ticks i think we have to look back to that scenario and wonder whether that's a possibility again. >> remember all that grand bargain big talk? doesn't that seem like 20 years ago? was that like two weeks ago? >> yeah. although if you talk to some democrats and jessica's been reporting that the white house is still talking about some kind of a grand bargain, right? so it seems like a long time ago. but funny how these things work, right? >> john, gloria thank you. i want to bring in two other perspectives now. on the left democratic strategyist cornell -- and former senate candidate mccain advisor and former hue let pack yard ceo, carly fiorina. carly, just in terms of the politics of, this how do you think republicans are looking at this in terms of the political who's going to get
there are also big signs that speaker boehner is facing a vocal rebellion among the gop ranks, among republican ranks. this morning on conservative talk radio he tried to rally the troops. >> is it true that you told some of the republican members this morning that you need to get your a word in line behind this debt ceiling bill? >> i sure did. listen, this is time to do what is doable. this bill isn't perfect. >> what have we got to do? >> just moments after he spoke those words from fellow republicans and tea party leaders were rallying against his bill outside the capitol. >> folks, we've got to hold the line. we've got to stand strong. we can't let down the people who elected us last november. >> we have the boehner proposal on the table. it will cut next year $1billion [ audience boos ] >> we are spending $1 billion an hour virtually. that is insignificant and not meaningful reform. >> tea party favorites rand paul and jim demint. one of the rally organizers saying compromise simply is not the answer. >> we do think compromise is a bad word. if you look at what's happened, compromise has
Search Results 0 to 29 of about 30 (some duplicates have been removed)